Search an Internet search engine for “neural network fraud.” Answer the following questions:
a. What is a neural network?
b. How can neural networks be used to detect fraud?
c. Which industries will benefit most from neural network technology?
d. Name a couple of firms that are developing this technology.
e. Credit card companies are very concerned with the growing problem of credit card fraud. They spend enormous amounts of money each year on detection. Go to the Web site of a large credit card company such as Visa, MasterCard, or American Express. What are some of the proactive measures these institutions are taking to control fraud and to persuade the public that it is safe to use credit cards?